Jonathan Wong
The Latest
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Global Uranium Market Faces Crisis as Top Producer Kazatomprom Slashes 2025 Output by 17%
Shares of Canadian uranium producers surged on Friday after the world's largest nuclear fuel supplier, Kazatomprom, announced a significant reduction in its 2025 production target. The Kazakhstan state-owned company, which accounts for roughly 20% of global uranium output, attributed the cut to ongoing supply chain issues and construction delays at its newly developed deposits. This announcement has heightened concerns about a potential uranium supply shortfall, adding fuel to an already bullish market for the heavy metal. 
Shares of Canadian uranium producers surged on Friday after the world's largest nuclear fuel supplier, Kazatomprom, announced a significant reduction in its 2025 production target. The Kazakhstan state-owned company, which accounts for roughly 20% of global uranium output, attributed the cut to ongoing supply chain issues and construction delays at its newly developed deposits. This announcement has heightened concerns about a potential uranium supply shortfall, adding fuel to an already bullish market for the heavy metal. -
Nestlé Faces Leadership Shakeup as CEO Schneider Ousted Amid Market Struggles
Nestlé, the world's largest food company, has undergone a sudden leadership change, with CEO Mark Schneider being ousted in a move that has left investors and analysts questioning the company's future direction. Schneider, who had led the company for nearly eight years, was replaced by Laurent Freixe, a Nestlé veteran with nearly four decades of experience within the company. 
Nestlé, the world's largest food company, has undergone a sudden leadership change, with CEO Mark Schneider being ousted in a move that has left investors and analysts questioning the company's future direction. Schneider, who had led the company for nearly eight years, was replaced by Laurent Freixe, a Nestlé veteran with nearly four decades of experience within the company. -
Walmart’s $3.74 Billion Exit Leaves JD.com at a Crossroads Amid China’s E-Commerce Slowdown
Walmart has announced its decision to sell its $3.74 billion stake in JD.com, the Beijing-based e-commerce platform. The move has raised questions about JD.com's ability to sustain its position in an increasingly competitive and stagnating market, particularly as it faces aggressive price wars and slowing growth in China's e-commerce sector. 
Walmart has announced its decision to sell its $3.74 billion stake in JD.com, the Beijing-based e-commerce platform. The move has raised questions about JD.com's ability to sustain its position in an increasingly competitive and stagnating market, particularly as it faces aggressive price wars and slowing growth in China's e-commerce sector. -
Canadian Rail Lockout Stalls $277 Billion in U.S. Trade, Threatens Economic Turmoil
The U.S.-Canada trade corridor, a vital artery for the North American economy, has been paralyzed following a labor dispute that led to the lockout of over 9,000 freight rail workers by Canada's two major rail companies, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC). The shutdown, which affects billions of dollars in trade, could have increasingly severe economic repercussions if not resolved swiftly. 
The U.S.-Canada trade corridor, a vital artery for the North American economy, has been paralyzed following a labor dispute that led to the lockout of over 9,000 freight rail workers by Canada's two major rail companies, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC). The shutdown, which affects billions of dollars in trade, could have increasingly severe economic repercussions if not resolved swiftly. -
BMW Surpasses Tesla in European EV Sales as Traditional Automakers Gain Ground
BMW has overtaken Tesla in monthly sales for the first time, marking a crucial milestone for traditional automakers as they challenge the dominance of Tesla in the rapidly evolving sector. According to data released by market research firm JATO Dynamics, BMW sold 14,869 battery electric vehicles (BEVs) in July 2024, surpassing Tesla's 14,561 units, despite an overall decline in EV sales across the continent. 
BMW has overtaken Tesla in monthly sales for the first time, marking a crucial milestone for traditional automakers as they challenge the dominance of Tesla in the rapidly evolving sector. According to data released by market research firm JATO Dynamics, BMW sold 14,869 battery electric vehicles (BEVs) in July 2024, surpassing Tesla's 14,561 units, despite an overall decline in EV sales across the continent. -
Walmart+ Teams Up with Burger King, Offering Free Whoppers and Discounts to Attract Subscribers
In an ongoing battle to rival Amazon Prime, Walmart has unveiled a new perk for its Walmart+ members, teaming up with fast-food giant Burger King. The partnership, announced on Thursday, is a strategic move aimed at enticing more subscribers by offering a 25% discount on Burger King orders and free Whoppers every three months. 
In an ongoing battle to rival Amazon Prime, Walmart has unveiled a new perk for its Walmart+ members, teaming up with fast-food giant Burger King. The partnership, announced on Thursday, is a strategic move aimed at enticing more subscribers by offering a 25% discount on Burger King orders and free Whoppers every three months. -
Deutsche Bank Resolves Majority of Postbank Lawsuits, Boosting Profit Outlook
Deutsche Bank has reached settlements with nearly 60% of the plaintiffs involved in a prolonged legal dispute over the bank's acquisition of Postbank, a German retail banking giant, more than a decade ago. The settlements, announced late Wednesday, mark a crucial step in Deutsche Bank's efforts to put to rest a contentious chapter in its history, one that has cast a long shadow over the institution. 
Deutsche Bank has reached settlements with nearly 60% of the plaintiffs involved in a prolonged legal dispute over the bank's acquisition of Postbank, a German retail banking giant, more than a decade ago. The settlements, announced late Wednesday, mark a crucial step in Deutsche Bank's efforts to put to rest a contentious chapter in its history, one that has cast a long shadow over the institution. -
Peloton Shares Skyrocket 15 Percent as Company Surprises Market with First Sales Growth in Nine Quarters After Aggressive Cost-Cutting
Peloton Interactive, the once high-flying fitness equipment maker, showed signs of recovery as its latest quarterly report revealed better-than-expected financial results, marking a critical step in the company's ongoing turnaround. The company, which became a household name during the pandemic, has been struggling to regain its footing after demand for its products plummeted post-pandemic. 
Peloton Interactive, the once high-flying fitness equipment maker, showed signs of recovery as its latest quarterly report revealed better-than-expected financial results, marking a critical step in the company's ongoing turnaround. The company, which became a household name during the pandemic, has been struggling to regain its footing after demand for its products plummeted post-pandemic. -
Advance Auto Parts Sells Worldpac for $1.5 Billion Amid Profit Downgrade and Investor Pressure
Advance Auto Parts announced on Thursday the sale of its Worldpac unit to private equity firm Carlyle Group for $1.5 billion in cash. The decision comes as the automotive afterparts provider faces increasing pressure from activist investors and struggles with lagging financial performance compared to its competitors. 
Advance Auto Parts announced on Thursday the sale of its Worldpac unit to private equity firm Carlyle Group for $1.5 billion in cash. The decision comes as the automotive afterparts provider faces increasing pressure from activist investors and struggles with lagging financial performance compared to its competitors. -
Starbucks Launches Fall Menu Earlier Than Ever, Banking on Pumpkin Spice Craze to Boost Sales
Starbucks is kicking off the fall season earlier than ever with the return of its highly anticipated Pumpkin Spice Latte (PSL) and a revamped lineup of seasonal favorites. The Seattle-based coffee giant announced that its fall menu would debut on Thursday, August 22-two days ahead of last year's launch-amid mounting pressure to reignite sales that have been sluggish in recent months. 
Starbucks is kicking off the fall season earlier than ever with the return of its highly anticipated Pumpkin Spice Latte (PSL) and a revamped lineup of seasonal favorites. The Seattle-based coffee giant announced that its fall menu would debut on Thursday, August 22-two days ahead of last year's launch-amid mounting pressure to reignite sales that have been sluggish in recent months.
